International Business

Unit 3: International Management

Math Practice

1.
The Chin Import Company used records of their past expenditures to complete their budget sheet for the upcoming new year. If their monthly living expenses are $848, their monthly fixed expenses are $1,305, and their annual expenses are $3,816, what amount should they expect to spend monthly?
A)$318.00
B)$497.42
C)$2,471.00
D)$5,969.00
2.
Your business records for January, February, March, and April show that the company's expenditures totaled $2,004, $1,897, $2,345, and $2,426, respectively. What is the average monthly expenditure for the four months?
A)$2,168
B)$2,218
C)$8,672
D)$26,016
3.
Carrie Houghtaling's bank granted her a single-payment loan of $3,000 for 60 days at 11 percent ordinary interest. What is the maturity value of the loan?
A)$3,055
B)$3,330
C)$3,550
D)$19,800
4.
The Woods are buying a used car for $5,500. They made a down payment of $500 and financed the remainder. How much did the Browns finance?
A)$500.00
B)$4,500.00
C)$5,000.00
D)$6,000.00
5.
Mark-It produces glow-in-the-dark plastic bookmarks shaped like an 'M'. The machine operator stamps 24 bookmarks from each strip of glow-in-the dark plastic. Each strip costs $8.00. The operator can stamp 720 bookmarks per hour. The direct labor charge is $16.50 per hour. To the nearest tenth of a cent, what is the prime cost of manufacturing a bookmark?
A)$0.056
B)$0.356
C)$0.562
D)$0.688
6.
Tag-Eurit manufactures clothing price tags for clothing manufacturers around the globe. It plans to manufacture 30,000,000 tags to be sold to garment factories and clothing stores at $0.005 each. The fixed costs are estimated to be $124,500. Variable costs are $0.0005 per unit. To the nearest whole number, how many tags must be sold for Tag-Eurit to break even?
A)15,000
B)22,636,364
C)24,900,000
D)27,666,667
7.
Alicia Gellen works in the customer service department for a large department store. In an 8-hour day, 1 hour is spent on lunch and breaks, 2 hours are spent on wrapping gifts, 3 hours are spent on taking payments on customers' charge accounts, and 2 hours are spent on customer returns and exchanges. What percent of Gellen's time is spent on taking payments on customers' charge accounts?
A)25.0%
B)28.6%
C)37.5%
D)42.9%
8.
Trina Williams packs gourmet coffees for international mail orders. Trina works an 8-hour day, less two 15-minute breaks and one 30-minute lunch. It takes Williams 12 minutes to retrieve the correct coffee for the customer's order, pack, wrap, and address the box. How many boxes a day should Williams be able to get ready for shipment?
A)35 boxes
B)37 boxes
C)38 boxes
D)40 boxes
9.
Nathan Carney is a quality control inspector for a company that manufactures fire extinguisher nozzles. At 9 A.M. he checked 30 nozzles produced during the previous hours and found 1 defective nozzle. What is the percent defective?
A)0.3%
B)3.3%
C)33.0%
D)33.3%
10.
Skye Meehan takes orders on the phone for a catalog mail-order company. Skye works an 8-hour day, minus two 15-minute breaks and one 30-minute lunch. It takes Skye an average of 9 minutes to take a customer's order, address, and charge card information. What is the maximum number of complete orders should Meehan be able to take each day?
A)15
B)17
C)46
D)53
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